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The Dollar and the Pound
Posted: Thu Aug 14, 2008 1:39 am
by Roland Wallick
This is looking good, the Dollar hasnt been this light against the Pound in quite some time. I hope this is only the beginning,
http://www.gocurrency.com/cgi-bin/ycalc ... target=USD
May be able to buy another tank if this keeps up.
Posted: Thu Aug 14, 2008 1:45 am
by Mark Champion
I know I got my finger crossed!!! it will help with the wife if I can save a few bucks.
Mark
Posted: Thu Aug 14, 2008 3:06 am
by Tim Bowman
Thanks Roland. Let's hope so. It's been rough this last year or so for us and a King Tiger would be nice.
Let me guess.... they are sold out already.
Posted: Thu Aug 14, 2008 4:12 am
by Jim Slothower
If it keeps going like this, I might be able to afford one also
Or at least a Panzer 111. I havent even really started the first one and I already want another. Ok I cant fool you guys, I want one of each...
Jim
Posted: Tue Sep 02, 2008 3:08 pm
by Roland Wallick
This is looking good if this trend continues guys. From $2.02 to $1.78 and counting.
http://www.gocurrency.com/cgi-bin/ycalc ... target=USD
Posted: Tue Sep 02, 2008 5:36 pm
by Phil Markham
Hi Guys,
If you look at a 5 year chart of the Pound vs. Dollar we are approaching a major resistance level of 171.41 established on November 21st 2005. We would have to see a close below this level before the pound declines further in any significant way.
As someone who dabbles in currency trading I think it is unlikely to break below this point, as the fundementals just don't support it.
Personally I would be buying the pound at this level on a forward contract basis if you can’t pay for the currency right now and locking in the gains that the Dollar has made in the last couple of months.
My humble opinion of corse, dyor.
Check out the following chart.
http://finance.yahoo.com/echarts?s=GBPU ... =undefined[/url]